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Today General Knowledge(GK)
IndiaFirst Life Insurance Company, a life insurance company in India is a joint venture between UK’s financial and investment company Legal & General and which two banks?
A)
Allahabad Bank and Bank of India
B)
State Bank of India and Vijaya Bank
C)
Bank of Baroda and Andhra Bank
D)
Indian Overseas Bank and Union bank of India

Correct Answer : Option (C) - Bank of Baroda and Andhra Bank



It is a joint venture between two of India’s public sector banks – Bank of Baroda (44%) and Andhra Bank (30%), and UK’s financial and investment company Legal & General(26%). It was incorporated in November, 2009. It has its headquarters in Mumbai.

Published On : June 1, 2021
Category : Insurance and Finance
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